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_how-one-billionaire-lost-millions-and-left-underserved-scholarship-students-in-limbo.webp "On March 21, the roughly 70 employees of the Schuler Education Foundation, based in the affluent suburb of Lake Forest, Illinois, were summoned to an emergency all-hands meeting. Over the past two-plus decades, the nonprofit founded and funded by a former president of healthcare giant Abbott Laboratories, Jack Schuler, had spent at least $150 million counseling and tutoring more than 1,800 low-income students from Chicago and Milwaukee-area high schools to help them gain admission to elite colleges; those colleges in turn covered most (if not all) of the students’ tuition and other costs.<br/><br/>The employees, who first had to certify they wouldn’t record anything, were let into a Zoom room where the nonprofit’s executive director Joanne Bertsch read from a script announcing that the foundation would shut down on May 24. Everyone would be let go except for a skeleton crew of seven college counselors left to support students through August. <br/><br/>0:00 Introduction<br/>0:15 How Our Reporters Found Out About Jack Schuler<br/>3:05 Reporting On The Schuler Foundation<br/>5:45 Losing Money In The Market<br/>8:50 The Role Of Healthcare Stocks<br/>12:23 The Impact On Students And Colleges<br/>16:05 How The Foundation Behaved As Their Investments Lost Value<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/04/16/inside-the-collapse-of-a-former-billionaires-foundation-for-low-income-students/?sh=b52a7d62f78b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_124-124-best-of-moushumi-bhowmik-124-adhunik-bengali-songs.webp "Ganer Bhuban")
⏲ 45 minutes 33 seconds 👁 67.8K
_best-of-moushumi-124-124-hd-124-10-superhit-film-songs-124-anupam-movie-songs.webp "Anupam Movie Songs")
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_chainlink-powered-crypto-set-to-unite-all-blockchains-chainswap.webp "What's is ChainSwap? The Uniswap Killer using Chainlink's CCIP? Today we partnered with ChainSwap a decentralized cross-chain asset swap platform that enables the seamless transfer of assets between different blockchains.")
_bangladeshi-actress-moushumi-is-breastfeeding-the-baby.webp "জীবন এক সফর")
⏲ 25 seconds 👁 63
_october-31-2023.webp "Omar Sani Official")
_these-19-crypto-coins-will-pump-15x-in-97-days-big-news.webp "TOP 19 CRYPTO COINS YOU MUST HAVE - MAY 2024!!?")
_moushumi-popular-scene.webp "Obak Kando")
_apu-biswas-shakib-khan-bubly-bd-cinema.webp "KES TV")
অপুকে আপা বলে ডাকলেন বুবলি। দুই বউয়ের কান্ড দেখে অবাক শাকিব। Apu Biswas Shakib khan Bubly BD Cinema
⏲ 1 minute 6 seconds 👁 1.8M
_124-glass-building-124-heat-wave-124-bangla-news-124-mytv-news.webp "mytv Bangladesh")
⏲ 1 minute 54 seconds 👁 37
_124-heatwave-124-school-college-124-dhaka.webp "SOMOY TV")
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_jiboner-golpo.webp "BANGLA VIDEO ZONE")
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